Central Bank 'cannot impose sanctions' on Israel, Oireachtas committee to hear

'The Central Bank cannot decide to impose sanctions for breaches or alleged breaches of international law,' Central Bank head Gabriel Makhlouf is expected to tell the committee. Picture: Leon Farrell/RollingNews.ie

The head of the Central Bank is to tell politicians that it cannot refuse to approve the sale of Israeli war bonds despite mounting pressure to do so.

Gabriel Makhlouf will say that the Central Bank is required to approve a prospectus where it meets the standards of completeness, consistency, and comprehensibility under the legislation.